
Retail inflation soars to 7.44% in July on high vegetable prices
The year-on-year inflation rate for vegetables surged to 37.34% in July
The year-on-year inflation rate for vegetables surged to 37.34% in July
The RBI is widely expected to maintain a wait and watch approach and keep the policy repo rate unchanged for the third straight time at 6.5%.
If tomato prices rise without substantial change in potato & onion, inflation in Q2 to come near 5.8%; if TOP inflation surges, it might come around 6% in quarter, says SBI
Das says in recent months, there have been signs of some softening in inflation, with headline inflation easing to 4.25% in May 2023 from the peak of 7.8% in April 2022
This CPI-based inflation has remained within the Reserve Bank of India's (RBI) target limit of 4% to 6% for the third straight month.
Index of Industrial Production (IIP) grew 1.1% in March.
CPI-based inflation falls within the Reserve Bank of India’s target band of 4%-6%.
RBI experts argue the economy is "intrinsically better positioned" than others, thanks to demonstrated resilience and its reliance on domestic drivers.
India's growth momentum gathered in Q3 to be sustained in Q4, as reflected in high-frequency indicators, says the finance ministry.
While cereals inflation is on an increasing trend for the past two years, the recent increase is "perplexing", says the latest SBI Research note